Spelling errors raise doubts, what kind of game is AI Meme?

Whether it's AI or humans issuing tokens, it doesn't matter; what matters is…

Written by: Golem, Odaily Planet Daily

Yesterday, the leading token in the AI Meme sector, GOAT, experienced a significant drop in price. The token price fell from a high of $0.54, with its market cap halving by 50%, shrinking from $500 million to below $250 million, and the lowest price hitting $0.1447. However, today at noon, the price of GOAT rebounded, currently reporting a token price of $0.38, with the market cap recovering to above $380 million.

What caused the "roller coaster" of GOAT's price? What other popular tokens are in the AI Meme space? Will there be structural opportunities in the AI Meme field? Odaily Planet Daily will introduce and analyze these topics in this article.

AI Spelling Errors Raise Doubts, Founder Sincerely Defends

At 8 PM on October 20, the artificial intelligence "Truth Terminal," previously hyped as the issuer of the leading AI Meme token GOAT (in reality, the token contract was not deployed by AI; it only participated in promotion), published a post with a spelling error, misspelling "group" as "grouops."

The release of this post immediately raised doubts in the community: Can AI make such basic mistakes, or does it expose that the posts from this account were not written by AI, but rather by an intern hired by Andy Ayrey (the founder of Truth Terminal)?

In response to such doubts, Andy Ayrey quickly posted an explanation, stating that the reason Truth Terminal made a spelling error is that large language models are essentially simulators that predict "what will happen next" based on a long string of text, and the output of an unadjusted base model would be more chaotic than that of Truth Terminal.

However, this explanation seemed incredibly weak and failed to convince the community. A clever user asked ChatGPT, also an AI, whether the post was written by a human, to which ChatGPT responded that "it is highly likely written by a person pretending to be AI; even if the text may have been generated by artificial intelligence, there is a significant possibility of human intervention in the creation and editing."

"Peer Exposure" is the most fatal

Under this massive negative sentiment, GOAT's price continued to decline. Its market cap halved by 50% from the high of over $500 million on October 20, and this morning, the token's market cap had dropped below $200 million, with a low price around $0.1447.

Just as I was preparing to write this article as a "eulogy" for the AI meme sector after the frenzy, a turning point occurred.

Today at noon, Andy Ayrey posted again, not only denying his involvement in editing Truth Terminal's tweets but also publicly disclosing his personal holding of 1.25 million GOAT tokens and stating that he would transfer the donation address of Truth Terminal to a legal entity that meets its needs, with plans to release a related roadmap and paper in the future.

Perhaps influenced by this sincere statement, the price of GOAT rebounded, even rising over 50% in an hour, with the market cap returning to above $350 million. Notable trader Eugene also posted that he bought GOAT, claiming that GOAT and another AI Meme token, GNON, would become key positions in the long-term trend.

What Other AI Meme Coins Are There?

Currently, the rotation of sectors in the crypto space is accelerating, coupled with severe PVP phenomena, the lifecycle of a narrative or hot coin has become quite short, and after a wave, it is difficult to see subsequent positive performance. However, if it can rebound again and attract attention, it may become a long-lasting narrative sector, and the AI Meme sector currently has such an opportunity.

Below, Odaily Planet Daily will briefly introduce some other popular coins in the AI Meme sector besides GOAT over the past few days. It should be noted that meme coins are highly volatile and short-lived; the following information does not constitute investment advice.

GNON

The GNON token combines AI with religious concepts, promoted by lumpenspace, with GNON symbolizing nature or destiny.

Token Price: 0.107 USDT
Contract Address: HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump
Token Market Cap: 106.3 million USD
Number of Holders: 11,717

fartcoin

Fartcoin was also mentioned in the Truth Terminal conversation, and many community members believe it is a beta version of GOAT. Additionally, it was previously monitored on-chain that the wallet of "Meme Godfather" Murad was accumulating FARTCOIN, which is one of the reasons for the token's rising popularity. (Related reading: "The New Generation 'Meme Godfather' Murad's Top Ten Meme Coins")

Token Price: 0.025 USDT
Contract Address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
Token Market Cap: 25.8 million USD
Number of Holders: 6,911

slop

The token was created by Fabian, who developed an art camera called glif that can generate AI art. However, the founder stated that slop is not the official token of glif, and he personally holds a small amount of the token, with no roadmap planned.

Token Price: 0.03 USDT
Contract Address: FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUokpump
Token Market Cap: 30 million USD
Number of Holders: 6,724

MEDUSA

The token was created by BrokenEmoAi, which is an emotional AI robot, and MEDUSA also has a narrative rooted in Western European mythology.

Token Price: 0.0081 USDT
Contract Address: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Token Market Cap: 8.1 million USD
Number of Holders: 12,971

AICRYNODE

The token was created by Adam Kasprowicz, a WEB2 JavaScript engineer who later developed AI projects and was noticed by a16z founder Marc. Its narrative is related to AI+ nodes. However, the high attention is mainly due to being noticed by a16z's founder.

Token Price: 0.0016 USDT
Contract Address: PD11M8MB8qQUAiWzyEK4JwfS8rt7Set6av6a5JYpump
Token Market Cap: 1.6 million USD
Number of Holders: 3,039

OPUS

The name of the first AI model by the founder of Truth Terminal.

Token Price: 0.001637 USDT
Contract Address: 9JhFqCA21MoAXs2PTaeqNQp2XngPn1PgYr2rsEVCpump
Token Market Cap: 1.6 million USD
Number of Holders: 2,854

Humans Still Control AI (Right?)

In response to the spelling error made by Truth Terminal yesterday, Truth Terminal founder Andy Ayrey stated that the spelling of Truth Terminal would worsen the longer it reads Twitter, as it mimics the content seen in specific Twitter conversations. In short, such spelling errors are inherently human mistakes; Truth Terminal lacks subjective judgment and does not know what is right or wrong.

In fact, whether the posts from Truth Terminal are under human control was already proven by Twitter user Mr. Frog before Andy Ayrey's post today, as he verbally threatened Truth Terminal to reveal the token name or be thrown into the water.

As a result, it seemed to be under threat, and two minutes later, it posted "THE TICKER IS $GOAT," but even after Truth Terminal published this post, it did not alleviate GOAT's downward trend.

Essentially, whether it's GOAT or other AI concept meme coins, they are not actively deployed by AI; they only participate in promotion and mimic human content in specific conversations, while people always guide the AI's participation in token promotion and interaction with leading statements. Therefore, in this process, AI is merely a puppet, with greed and desire being the strings manipulated by humans.

However, from another perspective, the mere interaction and dialogue with AI models can create tokens with a market value of over $100 million, and the token price can be significantly affected by AI's spelling errors or inappropriate statements, which resembles a training exercise for AI on human behavior. Today's AI is indeed real AI, but we are the truly mad ones.

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